Americold Realty Trust (NYSE:COLD) Releases Earnings Results

Americold Realty Trust (NYSE:COLD) announced its quarterly earnings data on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35, Zacks reports. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The firm had revenue of $663.67 million during the quarter, compared to analysts’ expectations of $659.51 million. During the same period in the prior year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Americold Realty Trust updated its FY 2025 guidance to 1.390-1.450 EPS.

Americold Realty Trust Price Performance

Shares of NYSE COLD traded down $0.08 during midday trading on Friday, reaching $11.79. 7,575,180 shares of the stock traded hands, compared to its average volume of 3,795,791. The company’s 50 day moving average is $13.19 and its 200 day moving average is $15.53. Americold Realty Trust has a one year low of $11.46 and a one year high of $24.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market capitalization of $3.36 billion, a PE ratio of -62.03, a P/E/G ratio of 4.00 and a beta of 0.84.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Americold Realty Trust’s dividend payout ratio is -484.21%.

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors have recently bought and sold shares of the business. State Street Corp raised its position in shares of Americold Realty Trust by 4.8% during the 2nd quarter. State Street Corp now owns 10,705,522 shares of the company’s stock valued at $180,437,000 after buying an additional 493,256 shares in the last quarter. Bank of America Corp DE increased its stake in Americold Realty Trust by 57.1% during the second quarter. Bank of America Corp DE now owns 2,771,989 shares of the company’s stock worth $46,098,000 after acquiring an additional 1,007,172 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Americold Realty Trust by 42.5% during the first quarter. Goldman Sachs Group Inc. now owns 2,098,104 shares of the company’s stock valued at $45,025,000 after purchasing an additional 626,160 shares during the period. Vision Capital Corp lifted its stake in shares of Americold Realty Trust by 54.6% in the 2nd quarter. Vision Capital Corp now owns 1,912,320 shares of the company’s stock valued at $31,802,000 after purchasing an additional 675,000 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Americold Realty Trust by 25.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 869,901 shares of the company’s stock valued at $14,466,000 after purchasing an additional 176,682 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on COLD. Weiss Ratings reiterated a “sell (d+)” rating on shares of Americold Realty Trust in a research note on Wednesday, October 8th. Barclays cut their target price on Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Robert W. Baird decreased their target price on Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 13th. UBS Group started coverage on Americold Realty Trust in a research note on Tuesday, October 14th. They issued a “neutral” rating and a $14.00 price target for the company. Finally, Royal Bank Of Canada lowered shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a report on Friday. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.31.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.